Whales have significantly accumulated the decentralized oracle network Chainlink (LINK), as reported by crypto tracker Lookonchain. According to Lookonchain, 54 new wallets withdrew 2.08 million LINK valued at $30.28 million from Binance over the past week. The tracker suggests these addresses may belong to institutional investors.

LINK is currently trading at $14.43. The crypto asset, ranked 17th by market capitalization, has seen a rise of more than 1.5% in the last seven days.

Lookonchain also highlighted that the German government transferred 1,500 Bitcoin (BTC) worth $94.7 million on Monday. Of this amount, 400 BTC valued at $25.3 million was sent to the crypto exchanges Bitstamp, Coinbase, and Kraken. According to the crypto tracker, the German government still retains 44,692 BTC worth $2.82 billion.

Germany is liquidating the BTC seized during investigations into Movie2k.to, a defunct illegal streaming site accused of distributing over 880,000 pirated films from 2008 to May 2013. The Dresden Public Prosecutor’s Office revealed that the site’s operators used Bitcoin derived from their illicit activities. In connection with the investigation, authorities confiscated nearly 50,000 BTC, marking Germany’s largest seizure of cryptocurrencies to date.

Bitcoin is currently priced at $62,072. The leading crypto asset by market cap has seen a decrease of more than 1% in the past 24 hours.

Stay informed by subscribing to receive email alerts directly to your inbox. For updates, follow us on X, Facebook, and Telegram.

Don’t miss out on real-time updates and analysis. Check out the latest Price Action and stay tuned with The Daily Hodl Mix.

Disclaimer: The opinions expressed at The Daily Hodl are not investment advice. Investors are advised to conduct their own research before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please be aware that all transfers and trades are undertaken at your own risk, and any losses incurred are solely your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl engages in affiliate marketing.

Generated Image: DALLE3